FOSTER HEART & HOPE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Amber Richardson

Tax Period

2024-01-01 to 2024-12-31

FOSTER HEART & HOPE, founded in 2020, is a small nonprofit in the Human Services sector that reported $637K in total revenue in fiscal year 2024. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $425K, a strong 67% operating margin.

Mission

Our mission is to provide basic needs and opportunities for children in foster care so they feel confident empowered and valued and foster families feel supported.

Program Service Accomplishments

Program 1

Expenses: $122,526 Revenue: $0

Foster Love Boutique Shopping Days are typically two days a month for children to shop free of charge the latest trends so they feel confident empowered and valued and to support foster families.

Program 2

Expenses: $17,280 Revenue: $0

Artsy Kids is a monthly program for school aged children impacted by foster care who get to express themselves through artistic creativity under the direction of an art educator and volunteers. It...

Artsy Kids is a monthly program for school aged children impacted by foster care who get to express themselves through artistic creativity under the direction of an art educator and volunteers. It also allows students to connect with peers and build self confidence.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $574,899

Program Service Revenue $0

Investment Income $4,798

Other Revenue $57,518

TOTAL REVENUE $637,215

Expense Breakdown

Grants Paid $3,019

Salaries & Benefits $81,514

Fundraising Expenses $32,787

Program Expenses $139,806

Other Expenses $124,018

TOTAL EXPENSES $212,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$637,215	$218,126	+1.9%
Expenses	$212,053	$122,449	+0.7%
Net Income	$425,162	$95,677	+3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

372

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$45,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amber Richardson	President Executive Director	40.00	Officer	$45,198	$0	$45,198
Patty Gaston	Treasurer	1.00	Officer	$0	$0	$0
Kaitlyn O Neill	Secretary	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$637,215	$212,053	$689,746	$425,162
2023	$218,126	$127,041	$253,816	$91,085
2022	$209,937	$103,505	$162,149	$106,432